How Will Tariffs Affect EV Companies?

April 29, 2025
Many companies build their vehicles domestically, but individual components are often sourced from abroad.

President Donald Trump’s tariffs have impacted, or are expected to impact, several parts of the automotive sector, potentially leading to higher prices and lower availability across the board.

But what about the newer, electric players? Leaders at Lucid, VinFast, and the like have recently chimed in with their company plans. The outlook is relatively positive for most; due to their smaller production batches, many of these companies already have a largely domestic supply chain and manufacture their vehicles in the United States.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!